Bettors always want to know win percentages of games, but for many casino games, the win percentage can be dictated by a person’s playing habits. There are good betting habits and bad ones, and you need to really pinpoint the bad ones, as those are the ones that can greatly decrease the win percentage.
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The House Edge
One thing you should know before playing a game is the house edge. The house edge is the percentage the house has over the player in a game.
You have heard the term, the house always has the edge, which is the truth, as every casino game has a house edge over the player. The best sportsbooks will also help limit losses with cash back, bonuses and other promos.
What you also must know is that the house edge is a number that is predicated by playing the optimal strategy. For example, blackjack has the lowest house edge of any casino game at around 1%.
However, that 1% is playing blackjack using the basic blackjack strategy. You can find basic blackjack strategy cards online showing you what to do, depending on what your initial two cards are and the initial two cards of the dealer.
If a player is making bad bets playing blackjack by not following the basic blackjack strategy, it is obvious that the house edge increases. That means that the win percentage for the player decreases. There is no betting habit that will increase the house edge, but by using good ones, you can keep the house edge to a minimum.
On the other side of the coin, using bad personal betting habits can greatly increase the house edge, making it much more likely that the player will come out ahead in the game.
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Here are some examples of some bad personal betting habits that can lead to losing money:
Boredom Bets: Betting just for the sake of it and not finding values in the bets.
Chasing Losses: If you lose a bet, your first instinct is to bet more to get your lost money back as soon as possible. Chasing losses is the fastest way to lose money and get a quick hole. Any time you lose a bet or hit a cold streak, the best thing to do is to chip away at losses rather than trying to recoup them quickly.
Bailing on strategy: If you bail on basic game strategy, it can get you in trouble quickly. Blackjack strategy was mentioned, and if you veer away from that, it increases the house edge, therefore decreasing your win percentage.
No matter what you bet on, whether it be sports, poker, or casino games, you have to make the best move, no matter how you’re feeling. Many times making emotional bets rather than sticking with logical ones can cost you money. You need to leave your emotions at the door when you are betting sports, and if you do not do so, it can decrease the win percentage.
Bet smart and leave your emotions at the door when you gamble. Use positive betting habits when you gamble, as while it may not increase your winning percentage, it will not decrease it, as bad personal betting habits will surely do.